EFU Life Assurance Ltd., the main non-public sector life insurance coverage and household takaful supplier in Pakistan, is happy to announce the graduation of medical health insurance, by 100% acquisition of EFU Well being Insurance coverage Restricted (the nation’s premier specialised medical health insurance firm) and subsequent full amalgamation of EFU Well being into EFU Life.
The scheme of amalgamation was not too long ago accredited by each the Boards. This strategic step marks a major milestone in EFU Life’s dedication to deal with its buyer’s holistic monetary and private well being wants, by providing built-in Life and Well being Insurance coverage, and Takaful options underneath a single ecosystem.
Talking on the event, Mr Mohammed Ali Ahmed, MD & CEO of EFU Life, elaborated:
With the acquisition of EFU Well being and subsequent amalgamation of the whole well being enterprise into EFU Life, we’re decided to raise the requirements of well being care protection in Pakistan.
We consider that entry to primary well being care is a elementary proper and the potential for progress of medical health insurance in Pakistan is huge, providing quite a few thrilling alternatives at each company and retail ranges.
The purchasers of former EFU Well being Insurance coverage Restricted, now underneath the EFU Life umbrella, will expertise a wider vary of medical health insurance options and an enhanced service expertise fuelled by know-how, backed by the robust monetary place of EFU Life with property of Rs.217 Billion.
EFU Life’s acquisition and amalgamation of EFU Well being signifies greater than only a enterprise transaction; it’s a dedication to progress, innovation, and customer-centricity. By combining assets and experience, EFU Life is poised to set new benchmarks within the realm of medical health insurance, guaranteeing that its valued clients obtain the best-in-class options they deserve.
Mr Mohammed Ali Ahmed, MD & CEO of EFU Life remarked:
We’re embarking on an thrilling journey of progress and transformation. With this acquisition, EFU Life will proceed to prioritise insurance coverage the insurance coverage necessities of its clients by delivering tailor-made well being options that meet their evolving wants.
It marks a major step ahead in EFU Life’s mission to empower people & households with the instruments they should lead wholesome and fulfilling lives.
As a frontrunner within the Insurance coverage trade, EFU Life continues to put money into human capital together with know-how options to ship seamless, personalised experiences to its clients. With an unwavering concentrate on innovation and agility, EFU Life is well-positioned to navigate the ever-evolving panorama of the insurance coverage market and ship sustainable worth to its stakeholders.
